Yellow Manufacturing Company purchased a machine for TL 480.000 on January 1, 2020. Expected useful life of the vehicle is 5 years and estimated residual value is TL 20.000. Yellow Manufacturing Company is using Double Declining Balance Depreciation Method for this vehicle.

a) What is this machines accumulated depreciation at the end of 3 years?

Machines accumulated depreciation at the end of 3 years is .

b) Journalize depreciation expense of this machine at the end of 5th year.

Debit account is.......... worth of .........

Credit account is.......... worth of.......... .

c) Journalize sale transaction when this machine is sold for TL 60.000 at the end of 3 years.

Debit account is.......... worth of..........

Debit account is......... worth of........... .

Debit account is........... worth of......... .

Credit account is............ worth of..........